One of the difficulties in sustainable management is pricing non-market elements of a management strategy so that they can be weighted and prioritised correctly. Contingent valuation appears to be one approach to solving this problem. The Contingent Valuation Method is based on consumers' direct revelation in contingent scenario situations. This permits revealing people's willingness to pay for a non-marketed good, like more fresh air or a programme of environmental preservation. This paper presents an application of the Contingent Valuation Method to a public sector case on environmental preservation. A contingent valuation survey was carried out on a local sample of 402 individuals to reveal the value they give to a particular biodiversity programme. Methodology and results are explained with the view to providing a tool for managers involved in developing policies that have a sustainable advantage.

Most popular related searches

Related articles

Rice is the third-largest crop production, after sugarcane and maize. The main producers of rice are the nations of China, India, Indonesia, Bangladesh, and Vietnam. Rice is a staple crop. More than half the people in the world, about 3.5 billion people, rely on its production. Not only is rice a key source of food but it is also good source of income for many smallholder farmers.
The Challenges of Rice Production
After the decades of remarkable production, the rice yield has slowed down. The rice yield potential...

As the old adage goes, all good things must come to an end. The 2016 NAEM EHS & Sustainability Management Forum officially wrapped up on Friday, Oct. 28 in Denver, Colorado, and it was a fantastic event.
The 24th annual event drew hundreds of EHS and sustainability professionals and industry leaders to the Mile High City for three days of inspirational speakers, incredible learning sessions and great networking.
For those of you who were unable to attend, we’ve compiled some of the top takeaways to...

The topic of climate change is not without its fair share of controversy, and while there are dozens of conflicting scientific and political perspectives at play, one positive that has emerged from the chaos is that the average global citizen is far more aware of the importance of sustainability and environmental responsibility than perhaps ever before. This has trickled into the realm of official policy making, as developed nations all over the world have begun to turn their attention towards diversifying their...

For 24 years, the National Association of Environmental Management’s (NAEM) annual EHS & Sustainability Management Forum has brought environment, health and safety (EHS) and sustainability decision-makers together for a few days of inspiring speakers, learning sessions and networking.
This year’s event is set for Oct. 26-28, 2016 in beautiful Denver, Colorado, and it’s poised to be bigger and better than ever. Whether you’ve attended in the past or this will be your first year, below...

Social sustainability is the least understood and least defined of the different branches that make up sustainable development. Social sustainability is defined as the ability of a community to meet its present needs and the needs of future generations.
It has enjoyed less attention in public dialogue than economic and environmental sustainability, perhaps because it is less easy to measure.As a result of protest and public outcry, however, there has been a far greater focus in recent times on properly managing...

Customer comments

No comments were found for Pricing sustainable development. Be the first to comment!